ICE to Start Clearing Agricultural Swaps

IntercontinentalExchange (NYSE: ICE) , an operator of regulated global futures exchanges and over-the- counter (OTC) markets, announced today that ICE Clear U.S.(TM) will begin clearing sugar, coffee and cocoa swap contracts on January 30, 2009.
As previously announced, the three contracts will be cleared by ICE Clear U.S. and will be cash-settled at expiration based on the settlement prices of the related traded futures contract. Qualifying swap agreements will be submitted to the Market Supervision department of ICE Futures U.S.(R), which will expedite the contracts for clearing.

The new cleared swaps are the first such contracts offered by ICE and are specifically designed to meet the needs of OTC market participants. ICE Clear U.S.'s September 2007 application to clear these swaps was approved by the Commodity Futures Trading Commission on December 12, 2008.

IntercontinentalExchange Claims No Lehman Exposure

IntercontinentalExchange (NYSE:ICE) , an operator of global regulated exchanges and over-the- counter (OTC) markets, confirmed that Lehman Brothers continues to meet all obligations at its U.S. futures clearinghouse.

ICE Clear U.S. has conducted an analysis of Lehman's financial position as a clearing member of ICE Clear U.S.(TM), and has concluded that it continues to meet all obligations. ICE and Creditex also said that receivables relating to Lehman are immaterial.